Examples of Canadian Buyer in a sentence
All executory contracts and unexpired leases that are assumed will be assumed under their present terms or upon such terms as are agreed to in writing between the applicable Debtor and the counterparty to the executory contract or unexpired lease; provided, however, that any leases and executory contracts of TLC Canada that are assumed under this Plan shall be deemed to be assigned to the Canadian Buyer.
Canadian Buyer shall file such election(s) in compliance with the requirements of the applicable legislation.
Canadian Buyer shall within the prescribed time file a notification regarding the purchase of the Canadian Purchased Assets as required under the Investment Canada Act.
With respect to the Section 338 Election, if Canadian Buyer opts to make the Section 338 Election, the Buyer Parties and Sellers shall take no action inconsistent with the Section 338 Election or the allocation of the portion of the Purchase Price allocable to the Acquired Securities (pursuant to the Allocation) for the purpose of all Tax Returns filed by them, and shall not voluntarily take any action inconsistent therewith unless required by law.
Agilysys Canada shall use commercially reasonable efforts to furnish to the Canadian Buyer a certificate obtained by Agilysys Canada from each provincial or territorial tax authority where such certificate is required to be obtained confirming that no retail sales tax, worker’s compensation provision or health services tax (including applicable interest and penalties) is payable with respect to the Purchased Assets to be purchased by the Canadian Buyer.